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When the total volume of import is more than that of the export, what term is this called?
The difference between how much a country imports and how much it exports is called its balance of trade.
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Asked 10/19/2011 6:06:18 PM
Updated 9/7/2015 7:24:25 PM
1 Answer/Comment
Flagged by Wallet.ro [9/7/2015 12:57:53 PM], Edited by Andrew. [9/7/2015 7:24:24 PM], Unflagged by Andrew. [9/7/2015 7:24:25 PM]
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The difference between how much a country imports and how much it exports is called its balance of trade.
Added 9/7/2015 12:57:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [9/7/2015 7:24:26 PM]
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What is precautionary motive? User: what are the motives of money?
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Updated 1/3/2015 1:00:38 PM
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Precautionary Motive is a desire to hold cash in order to be able to deal effectively with unexpected events that require cash outlay.

Added 1/3/2015 1:00:23 PM
This answer has been confirmed as correct and helpful.
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